AllClear Travel Insurance deploys Akur8 to empower its pricing team

AllClear Travel Insurance and Akur8 are delighted to announce their collaboration to boost AllClear’s pricing capabilities. AllClear’s pricing team will leverage Akur8 for risk and demand modelling as well as rate making applied to its travel insurance products. This new alliance with a leading Travel insurance broker strengthens Akur8’s international footprint.

Specifically developed for insurers, Akur8’s solution enhances pricing processes by automating the rate making process, using Transparent Artificial Intelligence proprietary technology. Core benefits for insurers and brokers include increased predictive performance and speed-to-accuracy for higher market reactivity and immediate business impact, while maintaining full transparency and control on the models created.

Founded in 2000, AllClear is an award-winning insurance specialist for customers with pre-existing medical conditions. AllClear has helped cover more than 3 million travellers with over 1,300 different medical conditions and is the UK’s highest rated Travel Insurance Provide. By forging this alliance with Akur8, AllClear moves forward with its partnership strategy and empowers its pricing team with best-in-class pricing technology.

“We are delighted to empower AllClear’s insurance pricing experts with Akur8’s rate making platform! It is an honour to work with AllClear, as this company supports millions of people from around the world and is fully committed to helping its regional community,” said Samuel Falmagne, CEO of Akur8.

“We are proud to count AllClear among our customers in the UK! This new partnership with a travel insurance broker demonstrates that Akur8 is a powerful pricing solution for all types of insurance companies across all lines of business,” added Brune de Linares, Chief Client Officer at Akur8.

“Akur8’s platform offers a best-in-class pricing ecosystem for data analytics, risk and demand modelling, rate making and impact assessment. Akur8’s pricing suite is fully integrated and easy to use. It allows us to speed up our modelling process, turning weeks of modelling into a few hours and shifting team effort from production to analytics and decision making,” concluded Marie Carter, Head of Pricing at AllClear.